XRP remains one of the most closely monitored cryptocurrencies in the market, and technical analysts are currently pointing to a significant breakout pattern that could push its value to new highs. According to HolderStat - a market analyst on TradingView, XRP is in an accumulation phase, with a key resistance level standing between this currency and a strong push to the $4 price zone.

On the daily chart, HolderStat states that XRP has just completed a breakout from a large triangle pattern that has formed over several months. This has led to a strong price increase, but after reaching a peak, XRP entered a sideways phase. Currently, XRP is trading around $3.20 - $3.48, indicating that buying pressure is absorbing selling pressure and preparing for the next rally. HolderStat emphasizes that the $3.48 level is a crucial resistance level that traders are closely monitoring. A decisive breakout above this level could pave the way for higher targets at $3.8 and even $4 - a price level not seen since the strong rally in 2018.

Conversely, $3.20 acts as a crucial support level. If XRP loses this area, selling pressure may increase again, leading to a deeper price correction. However, the overall chart structure that HolderStat presents indicates an accumulation momentum, and the current sideways phase is seen as a 'healthy sleep' before the breakout.

According to data from CoinMarketCap, at the time of writing, XRP is trading at around $3.00, up 2.79% in the last 24 hours and up 3.33% in the last 7 days.

On the 6-hour chart, HolderStat shares a clearer accumulation pattern of XRP. The currency is forming higher lows in a horizontal price channel - a signal that often indicates that bulls are gradually gaining strength as selling pressure weakens.

Specifically, the $2.70 level is seen as a 'dead cord' for the bullish structure. As long as XRP holds this support area, the growth outlook remains intact. HolderStat asserts that a successful breakout above approximately $3.20 - $3.40 on the 6-hour chart will confirm the continuation of the upward trend, reinforcing the positive outlook on the daily chart.

HolderStat's view is also supported by many other analysts. SwallowAcademy - an expert on TradingView - remarks that the market is 'coiling' like a spring, and this accumulation process could serve as a springboard for a strong breakout. If the upward trend continues, he agrees that XRP has the potential to quickly reach $3.8 and $4 in the near future.

In summary, XRP is at a crucial moment. Maintaining key support areas and breaking through resistance levels could lead to significant growth, bringing XRP closer to its historical highs.

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